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With this notification NHAI has also specified the speed limit of 80kmph on Dwarka Expressway, once completed the road will emerge as an alternate route between Delhi-Gurgaon

GURUGRAM:National Highways Authority of India (NHAI) finally issued notification granting national highway status to 28 km long Dwarka Expressway starting from Shiv Murti in Delhi to Kherki Daula in Gurugram. The notification has come after over a year of an announcement made by Union minister Nitin Gadkari to grant NH status to the expressway.

With this notification NHAI has also specified the speed limit of 80kmph on Dwarka Expressway, once completed the road will emerge as an alternate route between Delhi-Gurgaon and it is expected to reduce the traffic load on Delhi-Gurgaon expressway. The move is also expected to expedite the completion of this much-delayed project.

Following the request of Haryana chief minister Manohar Lal Khattar during Global Investor Summit in March 2016 union minister has announced to give NH status to the road. Later in May 2016, MoRTH has given in-principal approval to Dwarka Expressway, now finally NHAI has issued the notification in this regard.

Developers are excited about the development. “We welcome the move as this will allow a positive drift in the momentum for Gurugram’s real estate market. NH status will boost infrastructure development of the area and likely to promote investment in new Gurugram,” said the director of Mapsko, Rahul Singla.

Terming it a landmark development, official spokesperson of Emaar India, said, “Expressway has great potential due to its proximity to international airport, NH8, and SPR.”

According to notification 28 km long Dwarka Expressway starts from Shiv Murti in Delhi on NH-8 passes through UER-II (parallel to Terminal-3 of Delhi Airport) up to Barthal Chowk (junction of Sector 25-26 Dwarka) then it will take left turn and go straight up to Kherki Daula in Gurugram and it culminates on NH-8, around one km before Khrki Daula toll plaza at SPR, CPR junction.

The 18.1 km stretch of the road is in Gurugram and rest in Delhi. In Gurugram only, around 1.4 km stretch in New Palam Vihar (around 1 km) and Kherki Daula village (around 400 meter) needs to be constructed. While in Delhi 6.5 km stretch from Shiv Murti to Bharthal Chowk is part of UER-II (no need for construction) and remaining 3.4 km stretch from Bharthal Chowk (junction of Dwarka sector 25-26) to Delhi-Haryana border needs to be constructed.

According to NHAI official for this 3.4 km stretch in Delhi, the authority has started land acquisition for 2.1 km stretch. Rest of the land is under DDA, which will be handed over to NHAI. “NHAI has started land acquisition process in Village Bamnauli and Bijawan. The total of around 24 hectares of land will be acquired to complete the Delhi portion of the expressway,” said the official.

The horizontal alignment of the road is designed for 80 kmph speed in general. The main carriageway is proposed to be of 8-lane with 3-lane service road on either side. At the intersections, flyover has been proposed. In order to avoid the traffic jam in future at crossing and junctions, NHAI will construct the underpass at such spots. “All the major crossroad including existing and proposed master road of sectors are supposed to have 4-lane underpasses for smooth movement of traffic,” said the official.

Two underpasses and one flyover on NH-8 will make the commute between Dwarka, Vasant Kunj, Dhaula Kuan and Gurgaon smoother. The first underpass will connect the Urban Extension Road, the other help traffic from Dwarka going to Gurgaon. The flyover will come up for traffic from Dhaula Kuan

Commute to Dwarka from Vasant Kunj, Dhaula Kuan and Gurgaon will become smoother as the Delhi government has proposed two underpasses and a flyover on National Highway 8.

The Airports Authority of India (AAI) has, however, raised an objection over the height of the flyover as it is close to runway 29, one of the three runways at Delhi airport.

The first underpass will start from Vasant Kunj Sector C and connect the Urban Extension Road 2, passing under the Delhi-Gurgaon Expressway — which runs parallel to the airport’s boundary wall and connects to Dwarka. This will be 3.2 km long.

The underpass will help commuters avoid taking the congested Mahipalpur road to go to Dwarka.

“We have proposed two bypasses southern access and northern access from Vasant Kunj. Under northern access, we are giving signal free access to the airport from Vasant Kunj with the help of two flyovers and one underpass. Under the southern bypass, commuters going to Gurgaon and Dwarka will be benefited,” said a PWD official.

The Public Works Department (PWD) had conducted the feasibility study of the project and has handed it over to National Highways Authority of India (NHAI). Once the NHAI’s work is done and the project gets no-objection from all agencies concerned, it will be handed back to PWD for execution.

An 800-metre long flyover is also proposed on NH-8 for the traffic coming from Dhaula Kuan and headed to Gurgaon.

“Giving right turn at the expressway would have hampered the traffic movement, a flyover was proposed so that traffic can turn right and go straight to Dwarka road, without affecting the vehicle flow on an expressway. The flyover will start soon after the Mahipalpur flyover,” the official said.

However, AAI has suggested some changes as flyover is close to the runway and the point where planes descend onto the runway.

The second underpass, which would be 800 meters long, will help commuters coming from Dwarka and headed to Gurgaon. Currently, they have to go towards Delhi and take a U-turn.

“This underpass will start from UER-II and will pass under the expressway and then merge with the NH-8 towards Gurgaon. So, the traffic from Dwarka to Vasant Kunj can take the first underpass and those wanting to go to Gurgaon can take the second underpass. While the first underpass will cater to traffic from both sides, the other two projects are for one-way traffic,” the official said.

After necessary approvals, the proposal will be placed before the Unified Traffic and Transportation Infrastructure (Planning & Engineering) Centre (UTTIPEC) before construction could start. The project will require at least 2-3 years to be made.

The Delhi government has also finalized the proposal of an underpass between Vasant Kunj and the airport. The Airports Authority of India (AAI) has given its go-ahead for the project, which the Public Works Department (PWD) hopes to complete before the end of 2019.

Apart from an underpass at National Highway 8, a flyover at the Vasant Kunj side and a flyover at the airport side has also been proposed, which will also cut travel time by 30 minutes.

National Highway Authority of India (NHAI) has begun the first of the three-phase construction of the underpass at the junction, that connects the highway with Huda City Centre.

GURUGRAM: Construction on the two-way, four-lane underpass on the Delhi-Gurgaon expressway at Signature Tower junction, began earlier this month. It will connect the new and old Gurgaon and is expected to decongest the busy junction.

National Highway Authority of India (NHAI) has begun the first of the three-phase construction of the underpass at the junction, that connects the highway with Huda City Centre. This phase involves widening the road. The tunnel will be dug in the second phase, and the construction of the underpass will be the final stage.

On the Delhi-Jaipur side, the expressway will be widened between Gymkhana Club and the service roads near Iffco Chowk and DLF Star Mall. On the Jaipur-Delhi stretch, the widening will take place between Maharana Pratap Chowk up to the service lanes at the 32nd Milestone hotel and Iffco Chowk. The carriageways need to be widened as the four-lane underpass will require extra road on the sides for the traffic to exit to and from the highway. Only those vehicles which want to cross the expressway between old and new Gurgaon will use the underpass.

It will start from near Huda City Centre and end near Maharana Pratap Chowk on old Delhi-Gurgaon road. The tunnel will bifurcate between HeroMotoCorp Traffic Safety Park and Management Development Institute.

The project’s highlight includes a track for non-motorised transport, such as bicycles, and for pedestrians. “It is going to cost Rs 200 crore. This is the first of three junctions — Rajiv Chowk, Iffco Chowk and Signature Towers — where underpasses have been sanctioned,” said Ashok Sharma, project director, NHAI.

Investors across real estate segments – residential, commercial and land – are rushing into Gurgaon which saw large sales across financing and land acquisitions in excess of $1 billion, double that of 2015.

Last year, Gurgaon market attracted around $500 million in investments as investor were in a wait-and- watch mode towards outlook and an expected recovery.

While land accounted for 42.55 of the total investment pie, followed by refinancing of residential assets at 42.1% and core assets (rented office property) at 15.3% respectively, estimates CBRE South Asia.

“Owing to its cosmopolitan status and conducive environment, Gurgaon continues to evince active interest from real estate funds, local and international developers as well as corporates. It has always been the investment gateway to NCR due to its critical mass in real estate development and existing social infrastructure,” said Gaurav Kumar, managing director of capital markets at CBRE South Asia.

Gurgaon commands a lion’s share of office leasing in the NCR region driving significant institutional interest as well as investment commitments to capture the growth wave of increasing lease rents and high sale prices.

Some of the large transaction in Gurgaon includes M3M acquiring 180 acres of land from Sahara Group for $180 mn for a residential project. Tata Realty and Infrastructure acquired a 25-acre IT SEZ zoned land parcel from M3M abutting Sector 58 near Golf Course Extension for $60mn. Additionally RMZ/QIA purchased a 730,000 sq ft IT Park from BPTP located along the Delhi-Gurgaon expressway in Udyog Vihar for $180mn.

“Gurgaon is the potential market for office spaces in north India and assumes a prominent position in RMZ acquisition strategy. We have already acquired a marquee asset from BPTP which we have christened RMZ Infinity, Gurgaon. We are exploring both greenfield and brownfield developments as a way of expanding our presence in north India, which we hope to take up to at least 5 mn sq ft over the next three years in this Gurgaon micro market of NCR.,” said Arshdeep Sethi, MD -Development of RMZ Corp.

“We foresee constraints on new office supply side in the future, opening up tremendous opportunities to capture significant market share. Even valuations in the recent couple of years, especially in residential, have been depressed. This, combined with the limited number of office players in the market, provides growth opportunities in terms of returns and market share,” he said.

Prominent funds like Piramal Fund Advisors, Xander, JP Morgan, Altico Cpaital, GIC and Blackstone have either invested or are evaluating opportunities in Gurgaon. “We will look at last mile financing for projects in advanced stages of construction and sales. We will also evaluate and fund projects wherein credible corporate houses such as Godrej have tied up, under joint development arrangements, with existing land owners and developers to market and construct projects under their corporate brands,” said Sanjay Grewal, CEO for Altico Capital.

The fund recently invested Rs 50 Cr transaction with Noida based Lotus Greens group for a residential project. It had earlier invested Rs 450 crore for a Sports City project with the builder.

The city also has couple of million dollars transactions in the pipeline with DLF’s rental portfolio of office assets alone estimated to attract over $1-1.3 billion for a 40% stake sale. Ascendas-Singbridge, a leading sustainable urban and business space solutions provider, has also recently announced an investment of $ 400 mn to develop an IT office SEZ in Gurgaon.

“Gurgaon is the focal point of economic growth in NCR and the second largest office market in India with significant investments made by large multinational corporations. With over two decades of experience in India, we will bring our best practices to ITPG and provide best-in-class business space and asset management services in Gurgaon,” said Sanjay Dutt, CEO, India Operations, Ascendas-Singbridge.

Renewed interest from institutional investors has also prompted builders such as Vatika, Tata Realty, Hines and M3M to join hands with strong institutional investors to actively acquire strategic land positions within emerging areas of Gurgaon; a clear indicator of long term dividends from such investments.

“The past few years have been challenging for residential markets with stagnant off-take levels. In such a scenario, renewed interest by institutional investors is explained by several factors including current pricing for housing being at replacement cost levels, thereby providing limited downside risks for investments. Interest rates are at their lowest in the past five years,” said CBRE’s Kumar.

Multiple Chinese developers are evaluating Gurgaon as their first market for investment. Wanda, a prominent Chinese developer acquired 500 acres from the Haryana government for a green field industrial township.

In addition to the healthy investment activity over 12-18 months, the pipeline of future investments is even stronger. Institutional investors are bullish on the long term outlook with commercial office markets in overdrive and emerging areas of Gurgaon offering excellent residential development opportunities.

Even as land acquisition process for Delhi portion of Dwarka expressway has just started, Haryana government, which has almost completed the Gurgaon portion of e-way, is keen on making this road operational at the earliest to provide an alternate connectivity with Delhi to reduce traffic load on NH-8.

In a hurry to develop alternate connectivity between Delhi and Gurgaon, crucial for solving the traffic and congestion issue of Gurgaon, Haryana government wants to connect e-way with Delhi with 4.5 km long four-lane road from Bajghera in Gurgaon to Bijwasan in Delhi, without waiting for NHAI to complete the Delhi portion of Northern Peripheral Road (NPR) also known as Dwarka expressway.

“Despite all the legal hurdles and other issues, Huda has managed to complement large part of NPR in Gurgaon and issues related to remaining portion, resettlement of oustees, has been resolved now,” said chief minister Manohar Lal Khattar in Gurgaon on Sunday adding that completion of Delhi portion of NPR may take some time.

“We want four-lane road from Bajghera, where NPR ends in Gurgaon, to Bijwasan in Delhi. This alternate road will ensure alternate connectivity of NR with Delhi and it will help in making e-way operational,” said Khattar adding multiple-connectivity between Gurgaon and Delhi is needed, at present there is only one connectivity NH-8, which causes congestion on expressway and traffic problem in large parts of Gurgaon. He said work on construction of Gurgaon-SPR (GSPR) which will help in movement of traffic from Faridabad and Delhi to Manesar and Jaipur will also act as another connectivity between Delhi-Gurgaon and reduce traffic on NH-8.

Union minister for road transport and highways Nitin Gadkari said land acquisition for Delhi portion of Dwarka Expressway has started. “NHAI will start work on the road by end of the year,” said Gadkari. He added that GSPR has been declared national highway and work will start soon after completing the land acquisition.

The 27 km long NPR has around 18 km long stretch in Gurgaon while remaining 9 km stretch is in Delhi side. The work on the Gurgaon side of e-way is almost complete and remaining portion of the road is likely to be completed by March 2017. On the other hand process of land acquisition for Delhi portion has just started.

Huda administrator Yashpal Yadav said they have inspected the area and identified route for alternate connectivity of NPR with Delhi. “Bajghera near New Palam Vihar, where NPR in Gurgaon ends, to Bijwasan is around 4.5 km road,” said Yadav.

In March this year, union transport minister Nitin Gadkari accorded national highway status to the stretch following Huda handed over e-way to NHAI.

Large number of people who had invested in several real estate project developed along NPR is likely to be benefited by making e-way operational. This will is also reduce traffic on NH-8 as people coming from Delhi can directly go to Manesar and Jaipur without using NH-8.